Randall-Reilly Publishing has reportedly folded Modern Woodworking magazine. The October issue will be its last.
According to an Oct. 2 story posted on www.foliomag.com, the decision to shutter Modern Woodworking was based on an effort to focus on the publisher's core products.
"We have published Modern Woodworking for 10 years during which time it moved from the No. 4 book in the market to the No. 2 book. But from a strategic perspective we must focus our resources on the trucking and construction markets that comprise our core business platform," said Mike Reilly, the publisher's CEO, in the story.
On Oct. 5, the publisher told www.foliomag.com that it is negotiating a sale of Modern Woodworker to a "strategic buyer." The potential buyer was not disclosed.
The monthly trade title, which launched 23 years ago, carried a 35,200-copy circulation, according to the publisher's Web site.
Earlier this summer, Watt Publishing merged Cabinetmaker and FDM magazines. In July, Cygnus Business Media closed Wood Digest.